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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 10,600,515 $ 9,300,110 $ 17,071,284
Operating Expenses:      
Directly related cost of transportation and other expenses [1] 7,186,718 6,054,000 12,576,897
Salaries and related costs 1,762,654 1,700,516 2,056,387
Rent and occupancy costs 241,013 232,358 209,532
Depreciation and amortization 61,090 67,760 57,338
Selling and promotion 33,331 27,913 24,293
Other 274,386 277,630 322,466
Total operating expenses 9,559,192 8,360,177 15,246,913
Operating income 1,041,323 939,933 1,824,371 [2]
Other Income (Expense):      
Interest income 46,706 70,451 25,554
Other, net 6,771 4,644 (14,034)
Other income, net 53,477 75,095 11,520
Earnings before income taxes 1,094,800 1,015,028 1,835,891
Income tax expense 283,167 263,249 475,286
Net earnings 811,633 751,779 1,360,605
Less net earnings (losses) attributable to the noncontrolling interest 1,560 (1,104) 3,206
Net earnings attributable to shareholders $ 810,073 $ 752,883 $ 1,357,399
Diluted earnings attributable to shareholders per share $ 5.72 $ 5.01 $ 8.26
Basic earnings attributable to shareholders per share $ 5.75 $ 5.05 $ 8.33
Weighted average diluted shares outstanding 141,722 150,186 164,427
Weighted average basic shares outstanding 140,992 149,141 163,010
Airfreight services      
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 3,669,673 $ 3,246,527 $ 5,886,886
Operating Expenses:      
Directly related cost of transportation and other expenses 2,731,552 2,347,293 4,359,726
Ocean freight and ocean services      
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax 3,148,514 2,363,243 6,544,559
Operating Expenses:      
Directly related cost of transportation and other expenses 2,356,952 1,634,947 5,188,066
Customs brokerage and other services      
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax 3,782,328 3,690,340 4,639,839
Operating Expenses:      
Directly related cost of transportation and other expenses $ 2,098,214 $ 2,071,760 $ 3,029,105
[1] Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the consolidated statements of earnings.
[2] In 2022, Other North America operating income includes charges of $22 million related to non-income tax contingencies.